Gold fail to get stability above $1172 mark & fall back. However the move was not well supported by volume due to bank holiday in US market. Coming back to technical an triangle pattern ranging from $1172 – $1153 will declare the direction with break out.
Now copper is trading around 7120 area on lme & as we can see on charts , with a top (probably false) above the tradeline copper trimmed its rally & looking for some downside move ahead. A number of doji, shooting star etc says that trend is slowing down now.As we see on charts the top placed was almost at 161.8% feb correction level & after that we have witness some negativity on indicators too.